Kolibri Global Energy Lowers 2025 Revenue Guidance Amid Well Delays, Oil Price Drop

Kolibri Global Energy has revised its 2025 guidance downward due to delays in bringing four wells into production and lower-than-expected oil prices. The company now expects production between 4,000 and 4,400 barrels of oil equivalent per day, a 15% to 27% increase from 2024, but below the previous target of 4,500 to 5,100 barrels. Revenue projections have been lowered to $61 million to $65 million, and adjusted EBITDA is now expected to be $46 million to $50 million, down from earlier estimates. Delays were caused by a drill pipe failure leading to a necessary redrill and postponed fracture stimulation, pushing production impacts into early 2026. Despite setbacks, Kolibri reported improvements in production rates at some wells and expects to generate cash flow to reduce debt starting in 2026. Capital expenditures are forecasted to rise to $55 million to $58 million due to re-drill efforts, weather, and cost increases.